  |
|
|
|
Page 2
Two rather unfortunate results from this shortage of accommodation on the main island have come to light within the last two to three years. Hotels have been able to raise their rates, which is not in keeping with the long term viability of the industry and the airlines are losing revenue due to a lack of accommodation. Air Pacific managing director John Campbell says that just recently Air Pacific lost 2000 passengers who had booked to Fiji but cancelled because they could not get rooms. "Air Pacific and Fiji is currently experiencing accommodation shortage in peaks," he says. "We have the seats - 1.35 million per annum - but we cannot fill current aircraft or add more flights due to room limitations in prime areas such as Nadi, Coral Coast and the islands.
The Fiji National Provident Fund plans to invest over $257 million (US $ 154 million) in three new hotel projects, This came about after the Attorney General approved changes to restrictions limiting its investment projects. The investments involve a $32.5 million loan to the Marriot Hotel in Momi Bay; equity participation and loans of $140 million for the Intercontinental Hotel and Golf Course and $85 million for the Four Seasons hotel. According to WTTC's (World Travel and Tourism Council) statistics and predictions about world tourism, Kiribati and Fiji are likely to be the Pacific countries that will have the best annual growth for tourism employment between 2005 and 2014 with 6.8% and 6.5% growth per annum. Go To Page: 1 2
The copyright of the article Fiji Tourism Update - Page 2 in South Pacific Islands is owned by Larry Low. Permission to republish Fiji Tourism Update - Page 2 in print or online must be granted by the author in writing.
|
|
|
|
